HBW Advisory Services LLC Sells 156 Shares of The J. M. Smucker Company (NYSE:SJM)

HBW Advisory Services LLC decreased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 10.2% in the 2nd quarter, Holdings Channel reports. The firm owned 1,370 shares of the company’s stock after selling 156 shares during the quarter. HBW Advisory Services LLC’s holdings in J. M. Smucker were worth $149,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SJM. Wolverine Asset Management LLC increased its stake in shares of J. M. Smucker by 300.0% in the 4th quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. Advantage Trust Co bought a new stake in shares of J. M. Smucker in the 4th quarter valued at $25,000. Cooksen Wealth LLC bought a new stake in shares of J. M. Smucker in the 4th quarter valued at $33,000. Valley National Advisers Inc. increased its stake in shares of J. M. Smucker by 2,266.7% in the 4th quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock valued at $35,000 after acquiring an additional 272 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of J. M. Smucker in the 1st quarter valued at $35,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

SJM has been the subject of several research analyst reports. Barclays lowered their price objective on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a research note on Monday, June 10th. Argus decreased their price target on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. TD Cowen decreased their price target on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Citigroup boosted their price target on shares of J. M. Smucker from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Finally, DA Davidson decreased their price target on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $132.64.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the sale, the chief executive officer now directly owns 78,757 shares of the company’s stock, valued at $8,675,871.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Performance

Shares of NYSE:SJM traded down $1.94 during midday trading on Tuesday, reaching $118.94. The company had a trading volume of 881,790 shares, compared to its average volume of 1,252,667. The company’s 50 day moving average price is $113.11 and its 200 day moving average price is $118.09. The company has a current ratio of 0.52, a quick ratio of 0.25 and a debt-to-equity ratio of 0.88. The stock has a market cap of $12.63 billion, a P/E ratio of 16.98, a P/E/G ratio of 2.45 and a beta of 0.25. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $150.08.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, June 6th. The company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.34. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.64 EPS. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 10.06 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be issued a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 annualized dividend and a yield of 3.63%. J. M. Smucker’s dividend payout ratio is 59.55%.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.